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Shopping Strip

7855 Kingsway

7855 Kingsway, Burnaby, BC V3N 3E4

Listing Price: Request For Offer

Gross SF
6,254
Rentable SF
6,254
Lot Size
0.46 acres
Year Built
2021

Investment Overview

• 100% LEASED NEW RETAIL CENTRE • 80% LEASED TO INVESTMENT GRADE TENANTS • LONG-TERM, CAREFREE, NNN LEASES • ASSUMABLE MORTGAGE WITH 4+ YEARS REMAINING AT 3.25% • $400,000+ IN INTEREST SAVINGS • HELD IN BARE TRUST • $174,000 IN PROPERTY TRANSFER TAX SAVINGS • NO FOREIGN BUYERS TAX • $1,300,000 IN SAVINGS COMPARED TO RESIDENTIAL INVESTMENT

Investment Highlights

  • 6,254 SF stable, income-producing investment property comprised of four daily-needs retail tenants with built-in rental escalations.
  • Unparalleled market location. The Site is in the epicenter of a growth market and is surrounded by master-planned multifamily developments such as Southgate City, Highgate Village and Kings Crossing
  • The Site is just off the major regional intersection of Kingsway and 10th Avenue which experiences over 55,000 VPD combined.
  • Adding to its attractive investment attributes, the Site is governed by the Edmonds Town Centre Plan. Current future land uses suggest low/mid rise mixed-use development offering an excellent redevelopment or exit strategy upon lease expiries

Exclusively Listed By

Shopping Strip

7855 Kingsway

Listing Price: Request For Offer

Gross SF
6,254
Rentable SF
6,254
Lot Size
0.46 acres
Year Built
2021

Investment Highlights

  • 6,254 SF stable, income-producing investment property comprised of four daily-needs retail tenants with built-in rental escalations.
  • Unparalleled market location. The Site is in the epicenter of a growth market and is surrounded by master-planned multifamily developments such as Southgate City, Highgate Village and Kings Crossing
  • The Site is just off the major regional intersection of Kingsway and 10th Avenue which experiences over 55,000 VPD combined.
  • Adding to its attractive investment attributes, the Site is governed by the Edmonds Town Centre Plan. Current future land uses suggest low/mid rise mixed-use development offering an excellent redevelopment or exit strategy upon lease expiries

Investment Overview

• 100% LEASED NEW RETAIL CENTRE • 80% LEASED TO INVESTMENT GRADE TENANTS • LONG-TERM, CAREFREE, NNN LEASES • ASSUMABLE MORTGAGE WITH 4+ YEARS REMAINING AT 3.25% • $400,000+ IN INTEREST SAVINGS • HELD IN BARE TRUST • $174,000 IN PROPERTY TRANSFER TAX SAVINGS • NO FOREIGN BUYERS TAX • $1,300,000 IN SAVINGS COMPARED TO RESIDENTIAL INVESTMENT

Exclusively Listed By

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